F & N: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
F & N
Largest movements
- Cash +€10,358
up €10,358 (+183.0%), from €5,659 to €16,016
mainly Net result for the year (+€13,468) and Depreciation (+€5,924)
- Tangible fixed assets -€5,924
down €5,924 (-30.6%), from €19,369 to €13,445
of which Plant, machinery and equipment: -€5,477
- Deferred charges and accrued income -€2,049
down €2,049 (-57.0%), from €3,593 to €1,544
- Receivables within one year -€366
down €366 (-16.3%), from €2,249 to €1,883
of which Other amounts receivable: -€1,634
- Profit (loss) carried forward +€13,468
up €13,468 (+83.2%), from -€16,195 to -€2,728
- Trade debts -€8,029
down €8,029 (-82.2%), from €9,764 to €1,734
- Debts after one year -€7,692
down €7,692 (-53.4%), from €14,393 to €6,701
- Accrued charges and deferred income +€3,750
new in 2024: €3,750
- Tax, wage and social debts +€1,108
up €1,108 (+46.5%), from €2,381 to €3,488
of which Taxes: +€643
- Gross operating margin +€16,329
up €16,329 (+267.2%), from €6,110 to €22,439
- Other operating charges -€1,760
down €1,760 (-54.0%), from €3,257 to €1,497
- Financial charges -€347
down €347 (-22.0%), from €1,578 to €1,230
- Taxes +€332
new in 2024: €332
From the 2023 result to the 2024 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €32,870 | €34,889 | +€2,019 | +6.1% |
| Fixed assets | 21/28 | €19,369 | €13,445 | -€5,924 | -30.6% |
| Tangible fixed assets | 22/27 | €19,369 | €13,445 | -€5,924 | -30.6% |
| Plant, machinery and equipment | 23 | €18,922 | €13,445 | -€5,477 | -28.9% |
| Furniture and vehicles | 24 | €446 | - | -€446 | |
| Current assets | 29/58 | €13,501 | €21,444 | +€7,942 | +58.8% |
| Stocks and contracts in progress | 3 | €2,000 | €2,000 | = | 0.0% |
| Stocks | 30/36 | €2,000 | €2,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €2,249 | €1,883 | -€366 | -16.3% |
| Trade receivables | 40 | €616 | €1,883 | +€1,268 | +205.8% |
| Other amounts receivable | 41 | €1,634 | - | -€1,634 | |
| Cash at bank and in hand | 54/58 | €5,659 | €16,016 | +€10,358 | +183.0% |
| Deferred charges and accrued income | 490/1 | €3,593 | €1,544 | -€2,049 | -57.0% |
| Total equity and liabilities | 10/49 | €32,870 | €34,889 | +€2,019 | +6.1% |
| Equity | 10/15 | -€13,195 | €272 | +€13,468 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,195 | -€2,728 | +€13,468 | +83.2% |
| Amounts payable | 17/49 | €46,066 | €34,617 | -€11,449 | -24.9% |
| Amounts payable after more than one year | 17 | €14,393 | €6,701 | -€7,692 | -53.4% |
| Financial debts | 170/4 | €14,393 | €6,701 | -€7,692 | -53.4% |
| Amounts payable within one year | 42/48 | €31,673 | €24,166 | -€7,507 | -23.7% |
| Current portion of amounts payable after more than one year | 42 | €7,324 | €7,432 | +€108 | +1.5% |
| Trade debts | 44 | €9,764 | €1,734 | -€8,029 | -82.2% |
| Suppliers | 440/4 | €9,764 | €1,734 | -€8,029 | -82.2% |
| Taxes, remuneration and social security | 45 | €2,381 | €3,488 | +€1,108 | +46.5% |
| Taxes | 450/3 | €81 | €723 | +€643 | +797.8% |
| Remuneration and social security | 454/9 | €2,300 | €2,765 | +€465 | +20.2% |
| Other amounts payable | 47/48 | €12,205 | €11,511 | -€693 | -5.7% |
| Accrued charges and deferred income | 492/3 | - | €3,750 | +€3,750 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,961 | €5,924 | -€37 | -0.6% |
| Other operating charges | 640/8 | €3,257 | €1,497 | -€1,760 | -54.0% |
| Gross operating margin | 9900 | €6,110 | €22,439 | +€16,329 | +267.2% |
| Operating profit (loss) | 9901 | -€3,108 | €15,019 | +€18,126 | |
| Financial income | 75/76B | €17 | €11 | -€6 | -34.3% |
| Recurring financial income | 75 | €17 | €11 | -€6 | -34.3% |
| Financial charges | 65/66B | €1,578 | €1,230 | -€347 | -22.0% |
| Recurring financial charges | 65 | €1,578 | €1,230 | -€347 | -22.0% |
| Profit (loss) for the period before taxes | 9903 | -€4,668 | €13,800 | +€18,468 | |
| Income taxes | 67/77 | - | €332 | +€332 | |
| Profit (loss) for the period | 9904 | -€4,668 | €13,468 | +€18,136 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,668 | €13,468 | +€18,136 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.